Mortgage payment estimates, closing cost breakdowns, and homebuying data for Tacoma, Washington.
Pre-filled with Tacoma median home price and Washington tax/insurance rates. Adjust for your property.
Estimated closing costs based on Washington rates and fees applied to Tacoma prices.
The median home price in Tacoma is $475,000, 18% below the Washington state median of $580,000. With a population of 219,346, Tacoma is a mid-size city where home prices tend to be more accessible than in many parts of Washington.
Property taxes in Washington average 0.98% annually. This moderate property tax rate means a $475,000 home in Tacoma would carry roughly $388/month in property taxes. Homeowners insurance in Washington runs approximately $1,600 per year. This is within the normal range nationally.
Average rent in Tacoma is $1,650/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Tacoma is a higher-cost market. At $475K median, buyers need significant savings or strong income. Down payment assistance through Washington's WSHFC Home Advantage program becomes especially important.